NEW YORK--(BUSINESS WIRE)--Citi’s Board of Directors today announced that it has elected John C.
Dugan and S. Leslie Ireland as new independent directors, with service
commencing today. Mr. Dugan, a former Comptroller of the Currency,
recently retired from Covington & Burling LLP where he chaired the
Financial Institutions Group. Ms. Ireland spent 31 years working in the
United States Intelligence Community, most recently serving as the
Assistant Secretary for Intelligence and Analysis for the US Treasury
Department.

Citi Chairman Michael E. O’Neill said, “We are pleased to have John and
Leslie join Citi’s Board of Directors. Cybersecurity and anti-money
laundering are top priorities for the company. Leslie’s extensive
experience working to protect the integrity of the financial system will
support this critical work. John has a deep understanding of our
industry from his exceptional experience working with financial
institutions. I know that both will make valuable contributions as
members of the board.”

John C. Dugan

Mr. Dugan served as Comptroller of the Currency from 2005-2010. As
Comptroller, Mr. Dugan headed the agency that supervises over 1,500
national banks and federal branches of foreign banks, which together
hold nearly two-thirds of the assets of the US commercial banking
system. He also served on the Board of Directors of the Federal Deposit
Insurance Corporation.

From 1993-2005, Mr. Dugan was a partner at Covington & Burling,
specializing in financial institution regulatory matters. After
re-joining Covington in 2011 following his service at the OCC, he
chaired the firm’s Financial Institutions Group, where he counseled a
broad range of financial services firms and provided independent advice
to boards of directors, including Citi’s board since 2015.

Mr. Dugan previously served at the U.S. Department of the Treasury from
1989 to 1993, where he was appointed Assistant Secretary for Domestic
Finance and had extensive responsibility for policy initiatives
involving banks and financial institutions. From 1985 to 1989, Mr. Dugan
was Counsel and Minority General Counsel for the U.S. Senate Committee
on Banking, Housing, and Urban Affairs. He received his Bachelor’s
degree from the University of Michigan in 1977 and graduated from
Harvard Law School in 1981.

S. Leslie Ireland

Ms. Ireland was appointed head of the Office of Intelligence and
Analysis (OIA) for the Department of the Treasury by President Barack
Obama in 2010. In this role, she served as the principal intelligence
advisor to the Secretary of the Treasury. She was responsible for
leading analysis of key financial vulnerabilities of foreign entities
that pose threats to US national security; strengthening and expanding
the infrastructure needed to protect Treasury’s national security
information; and creating a work culture of high performance.
Concurrently from 2010 to 2016, Ms. Ireland was the National
Intelligence Manager for Threat Finance under the Director of National
Intelligence (DNI), serving as the principal advisor to the DNI on
threat finance and oversaw the intelligence process regarding the use of
financial information to combat the wide range of US national security
threats, including terrorism, weapons of mass destruction,
narcotrafficking and transnational organized crime.

Ms. Ireland also served as intelligence briefer to President Barack
Obama, during which time she was responsible for personally briefing the
President on many of the most sensitive and highly classified issues,
providing information and analysis of current world events and warning
him of emerging threats to the US. From 2005 to 2008, she was the first
Iran Mission Manager and was responsible for overseeing the intelligence
process on Iran for the entire US government. During her career, she
also served for 20 years at the Central Intelligence Agency (CIA),
including her role as Executive Assistant to the Director and Deputy
Director of Central Intelligence, and in various analytical and
management portfolios related to the Middle East and weapons of mass
destruction. Ms. Ireland received her Bachelor’s Degree in Government
from Franklin & Marshall College in 1981 and a Master’s in Russian
Studies from Georgetown University in 1983.

About Citi

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.